RNS Number : 9347M
Palace Capital PLC
14 January 2019
Palace Capital PLC
("Palace Capital" or the "Company")
Director Dealing
The Company was informed on 10 January 2019 that Neil Sinclair and Stephen Silvester, directors of the Company, and David Kaye, a PDMR of the Company, sold in aggregate 28,836 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 309 pence. The Ordinary Shares sold by each of the directors and PDMR were part of the Ordinary Shares issued under the 2015 Palace Capital Long Term Incentive Plan ("LTIP"), as announced by the Company on 3 January 2019. The Ordinary Shares have subsequently been sold in order to settle tax liabilities arising from the Ordinary Shares issued under the LTIP and additionally, in the case of Neil Sinclair, tax on a year-end bonus.
Please refer to the table below for the details for each of the directors and PDMR.
|
|
LTIP shares exercised1 |
LTIP shares sold |
LTIP shares retained |
Total Palace shares held |
% of Palace shares in issue |
|
Neil Sinclair |
21,240 |
21,240 |
- |
229,279 |
0.50% |
|
Richard Starr |
5,974 |
- |
5,974 |
149,921 |
0.33% |
|
Stephen Silvester |
8,629 |
4,056 |
4,573 |
11,865 |
0.03% |
|
David Kaye |
3,540 |
3,540 |
- |
- |
- |
1. As announced by the Company on 3 January 2019
The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Neil Sinclair (Chief Executive Officer) Stephen Silvester (Finance Director) David Kaye (Company Secretary)
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2 |
Reason for the notification |
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|
a) |
Position/status |
See 1 a) above |
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b)
|
Initial notification /Amendment |
Initial notification |
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3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name |
Palace Capital plc |
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|
b) |
LEI |
2138009JDFQOXJFCJQ05 |
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4
|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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|
a)
|
Description of the financial instrument, type of instrument
Identification code |
Ordinary shares of 10p each in Palace Capital plc
Identification code (ISIN) for Palace Capital plc ordinary shares: GB00BF5SGF06 |
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|
b) |
Nature of the transaction |
Sale of shares |
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c) |
Price(s) and volume(s) |
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|
d) |
Aggregated information - Aggregated volume - Price |
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e) |
Date of the transaction |
10 January 2019 |
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f) |
Place of the transaction |
London Stock Exchange, (XLON) |
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